University of Isfahan Financial Accounting Research 2322-3405 4 3 2012 09 22 The Effect of Environment Risk,Corporate Strategy and Capital Structure on Performance of Listed Companies in Tehran Stock Exchange The Effect of Environment Risk,Corporate Strategy and Capital Structure on Performance of Listed Companies in Tehran Stock Exchange 47 70 16955 FA M Arabsalehi Assistant Professor of Accounting, University of Isfahan, Iran R. Moayedfar Assistant Professor of Economy, University of Isfahan, Iran S. Safari Bideskan Master of Accounting, Vale asr University of Rafsanjan, Kerman. Iran Journal Article 2016 06 14   Investment under uncertainty is one of the issues that have captured attention of financial management specialists for a long time. When deciding to invest, investors consider different factors among which paying attention to given firms’ performance indices affects investor’s decision. Therefore, recognition of factors affecting firms’ performance is of great importance.   The present study mainly aims at investigating the relationship between environment risk, firm strategy and capital structure with the performance of listed firms during 1381-87 (2002-2008). Independent variables of this research are as follow: economic risk, market risk, sales growth, asset growth, firm growth potential, cash ratio and debt ratio. Also, criteria used for the performance of the firm (as dependent variables) include free cash flow per share and return on equity. The research method is descriptive-causal data collection method is library research and the data is gathered from the Stock Exchange and firms’ reports. In this study, univariate and multivariate regressions through panel data and pooling data were used in order to determine the significance of the relationship between independent and dependent variables.   Findings indicate that there is significant relationship between environment risk and free cash flow per share, between environment risk and return on equity and between capital structure and free cash flow per share.   Investment under uncertainty is one of the issues that have captured attention of financial management specialists for a long time. When deciding to invest, investors consider different factors among which paying attention to given firms’ performance indices affects investor’s decision. Therefore, recognition of factors affecting firms’ performance is of great importance.   The present study mainly aims at investigating the relationship between environment risk, firm strategy and capital structure with the performance of listed firms during 1381-87 (2002-2008). Independent variables of this research are as follow: economic risk, market risk, sales growth, asset growth, firm growth potential, cash ratio and debt ratio. Also, criteria used for the performance of the firm (as dependent variables) include free cash flow per share and return on equity. The research method is descriptive-causal data collection method is library research and the data is gathered from the Stock Exchange and firms’ reports. In this study, univariate and multivariate regressions through panel data and pooling data were used in order to determine the significance of the relationship between independent and dependent variables.   Findings indicate that there is significant relationship between environment risk and free cash flow per share, between environment risk and return on equity and between capital structure and free cash flow per share. https://far.ui.ac.ir/article_16955_0688d2d9aabb3266852d8cac1bc5ccb2.pdf